BlackBull Markets is a Forex broker that gives you a wide range of instruments to trade besides Forex. While writing this review I was surprised by the number of instruments. With over 26k tradable assets, you won’t have a hard time finding an instrument that matches your trading style. BlackBull Markets makes money from spreads, commissions, and swap rates on leveraged overnight positions. BlackBull Markets answers some questions in its FAQ section and describes its products and services well. Therefore, I believe that most traders will not require assistance unless there is an emergency.
FSA -S : / FSA in Seychelles
With these types of accounts, on each specific symbol, you can only have xcritical rezension one single position in one direction. There are no restrictions against hedging with your BlackBull Markets account. Your account balance also must be at least $2,000 if you want to get the free VPS. If it falls under this value, the platform will start to automatically close your positions to keep the free margin above the threshold.
TO BE A SUCCESSFUL TRADER?
- One of the most ignored trading costs is swap rates on leveraged overnight positions.
- Separate from their CFD trading, BlackBull Markets also provides a share trading facility allowing direct investment in company shares.
- Free VPS hosting from NYC Servers or BeeksFX is available for ECN Prime accounts with trading volume above 20 lots, which is an offer I find reasonable.
- The FSA, established in 2013, oversees the financial services sector in Seychelles to ensure compliance with regulatory standards and to protect investors.
- BlackBull enables the trading of over 26,000 instruments including forex, CFDs, real stocks, and ETFs.
Negative balance protection means that traders are protected from losing more money than they have in their trading accounts. If a trade results in losses that exceed the amount of funds in the account, negative balance protection ensures that the trader’s balance cannot go below zero. The broker is regulated by multiple top-tier regulatory authorities, including FMA, FSA-S.
Ease To Open An Account
The asset selection, especially for equity traders, ranks among the top 5 brokers within the retail Forex/CFD industry. The minimum deposit for the ECN Prime account of $2,000 is a bit high but remains acceptable. Overall, the core trading environment is outstanding, and I rank BlackBull Markets as a leading choice for demanding equity traders, asset managers, and Forex traders.
In my opinion, this is arguably a little high, but well within an acceptable range. High-volume traders may negotiate rebates with BlackBull Markets, and I appreciate the flexibility this broker provides in that department. The one thing I could not find, which left me disappointed, was a reference to negative balance protection. It appears that BlackBull Markets does not offer it, making highly leveraged trading an especially high-risk approach with this broker. I searched their legal documents, but none confirmed the existence of negative balance protection.
It offers negative balance protection and holds client funds in segregated bank accounts. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.
I do not like the $5 withdrawal fee, which most brokers do not charge. BlackBull Markets process all withdrawal requests within 24 hours, and the back office handles all financial transactions from an easy-to-use interface. We use proprietary AI technology to assist in some aspects of our content production. However, our scores, ratings, and rankings of online brokers are based on our in-depth product testing and thousands of hand-collected data points. Demo accounts provide a risk-free environment for traders to hone their skills and test strategies on different scammed by xcritical platforms offered by BlackBull Markets. BlackBull Markets offers trading platform demo accounts to allow traders to practice and familiarise themselves with the platforms before trading with real funds.
